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Tony when new useless bot?
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[] top 200 lol after leaving the top 50
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I mean may be better just to give 10% to binance or kucoin directly or some other large exchange.
Best plan = tony keeps 5% and burns the rest
tony gets some team together of developers that can push this design to full potential and give them some stake in the project. I think a total of 15% is more than enough to secure long term development for that.
burn the rest or airdrop it all to currenty holders who more than deserve it for clinging on this lon
Reserving ~110,433 GB for the Foundation still leaves about 22% of the total supply on the table. To make sure that we won’t sit back and enjoy our monthly dose of GBYTE turned into USD or EUR we also want to reserve 50% of the total 36 month payroll budget for a long term Motivation Plan for team members and advisors. https://medium.com/byteball/the-future-of-byteball-the-byteball-foundation-cca9d495bf46 |
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why bytball team get coins fo free instead of buying on the deep?
tonych when blackbytes distribution?
Good question. Tonych why did you stop blackbytes distribution? |
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... Open BTC-GBYTE and enjoy bleeding
There's no 2k GB sell wall on bittrex. Heavy Friday? Get ready for delisting   |
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What a scam gbyte red even when the whole market green
ok, than leave this scam thread and buy doge  lol i hope you bought doge  now you can buy more bytes!! byteball is a very good invest, trust me  Byteball is a scam. Centralized, low tps, cheap to ddos, no usage, no liquidity, no community. |
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Usage - 2000 transactions daily volume.
Price -95%, 11 of 13 months was a total dump.
Community - 340 vote on binance voting
Premine - 100%. Most of the coins owns Bittrex, Lisk lead dev, Waves lead dev, Bitcoin whale with 50000 btc, Tonych byteball lead dev.
Adoption - practically non-existent.
Dapps - 3 ICO, all 3 scam. Twenty useless bots without usage. Betting bot, good dapp. Decentralized betting exchange with centralized oracle, so that the entire system receives a single point of failure.
Tech: 15 tps, centralized database of the russian geek, cheap to DDOS.
Would you buy this gem?
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A month ago i asked the owner of an online store accepted btc (he is a crypto enthusiast), whether they want to add gbyte. He told me that i was the only one who asked such a question and that he had never heard of it. After he conducted his research, he replied that he would not have added this shitcoin even if thousands of his clients had asked for it. He said that using this coin is equivalent to shooting in the leg, that no adequate person will want to use an coin that is losing 95% of the value for a year. And even if the price was stable, he would not use a coin controlled by one person.
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I've never been to Venezuela, but after buying gbyte i learned the meaning of the hyperinflation no worse than it's known to venezuelans.
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CUT
Actions speak louder than words edit: To be explicit. Undistributed bytes are being given away, but not to the speculator/investor who already bought bytes, they recieve nothing from the remaining pool but it does go elsewhere. Thus the supply is being inflated elsewhere or another way, the value of the unit of byte being diluted. Therefore for the speculator/investor who bought bytes their investment's value is diluted. For the steem user who got some free bytes they don't care the value was diluted, they didn't buy them. It was a windfall. For the speculator / investor who did buy them, now they see that there are more bytes flooding the market. Their own bytes that they bought when they were scarce are not so scarce anymore, the value goes down. It is very basic economics. The speculator/investor has been shafted. To rub salt in the wound, the rug was pulled away without warning. Previously the speculator / investor was standing in line to benefit from airdrops. Surely you see how this is an explicit negative for the speculator /investor? It isn't a tweet, it is a very definate action against the speculator / investor, an act of hostility. Sure investors don't get any coins anymore simply for holding, and undistributed funds go to others, but that does not mean that investors get diluted. It all depends on what value Byteball gets back for these undistributed coins they spend on these projects. If value they get back is higher than the coins spend, it will raise the value of all coins in circulation, so the investors profit, but if the value is lower than the coins spend, then all coins go down in value and indeed you can call it dilution. But a poor investment is not really dilution as it is part of doing business that you will sometimes pay people or projects that end up not delivering. Dilution is when one on purpose creates more units and gives to people that did not create any value, thereby indeed for sure diluting coin/shareholders. Yes the value can rise and everyone happy even the shafted speculator/investor, if some amazing bull run occurs. Demand 'might' outstrip the increasing supply. So far we have not seen that, the demand has done the opposite and decreased while the supply has increased. Byteball has plummeted down the marketcap chart out of the top 100. Looking only at the supply side for now, the supply is being inflated by the air drops of undistributed bytes, can we agree so far? That is a headwind to price. Not because of anything to do with byteball but pure economics. The price is determined by supply versus demand. As I said basic economics. Increase of supply without any change in demand means price falls. And it is necessary that the supply increases, because the bytes have to be distributed. That was the premise from the beginning. Looking at the demand side now, byteball like most crypto is very very speculative. This is because it is such a fledgling technology. There are very few things you can do with your bytes except share some with friends. Or speculate that the amazing tech will become valuable. Maybe you can buy a pizza somewhere? I don't know. I haven't seen any real adoption of bytes yet myself and haven't found a place to buy a pizza with my bytes. Therefore we are at a time in byteballs history where speculation is very important. That is currently, wether you like it or not, its main use. And yet the byteball powers that be have decided to shaft the speculator / investor in order to try and grow the network by giving freebies to other crowds while simultaneously diverting away from speculator/investor. It seems like you byteball techies are amazing at tech but clueless about economics. The proof is in the fall that byteball took down the rankings. Even in a crypto wide bear market byteball suffered much much worse. Because it failed to observe basic economic priniciples about supply and demand and/or failed to see where the demand was coming from at this time in the byteball history. It's difficult to get people to buy what they don't need and causes material damage. |
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Dont worry, when fees would be higher,byteball community tony byteball foundation will say 1 byte paid = x bytes stored, being x an arbitrary number chosen by byteball community tony byteball foundation.
Witnesses must agree to cut their incomes. Although considering that all witnesses are one person, this should not be a problem |
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@meterse you are silent about one important thing.
Bob - bitcoin user. Alisa - byteball user. They make 10 tx every day and store $10k.
Jan. Bitcoin $20k, byteball $1.2k
30 Jan. BTC - 10k, gbyte - $600, 300 tx = $258 (btc), $0.021 (byteball)
Bob lost $5258, Alisa lost 5000.021. Bob store 4742, Alisa 5000
8 March. BTC - 9k, gbyte - $300, ~380 tx = $326 and $0.026
Bob store $3940, Alisa $2500
29 March. BTC - 6900, gbyte - 150, 210tx = 180 for btc
Bob store $2840, Alisa $1250
16 Aug
BTC - 6400, gbyte - 59, ~1360tx = $1169 for btc
Bob store $1465, Alisa $491
The more money you store, the worse situation for byteball. Byteball is use and run. But what to use? Betting bot? Bitcoin is millions times more use cases
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Isn't almost every coin on the above infographic using per kB fees? How is that not "directly proportional to space used on ledger"?
Also, the stupid meme about proof of work being some massive waste of energy is stupid. It's more akin to converting excess energy to stored value (bitcoin) rather than letting it burn off as waste heat.
They still can not to understand that without fees market, low-capacity coins (any decentralized crypto atm) will be vulnerable to a ddos attack. Byteball fess = tx size is not advantage, is a vulnerability that other coins don't have. There is two problem, too cheap to attack when cap is low and too expensive to use if cap too high. Byteball is literally a step backward If you can wright a spam script, you can shut down Byteball only for $35-70 per day of a ddos. This coin is a total crap, from any point of view |
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What a scam gbyte red even when the whole market green
ok, than leave this scam thread and buy doge Good idea bro, if do not take into account the fact that i bought byteball at 0.3 btc There left 0.004 btc from 0.2 invested. Do not thin that this dust will suffice even to pay the commission) |
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What a scam gbyte red even when the whole market green
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Sorry, but I don't think "out of Tony's hands" is anywhere close to decentralized. There's no concrete plans except have the byteball foundation run one or two, right? So they won't technically be run by the same person, just run by a foundation started by that person. If that happens plus a few more nodes are run by people within the project, I don't think that really changes the situation in any meaningful way. Would be a joke |
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Peercoin valued higher than byteball, what a russian scam  |
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Bittrex will delist this shit in the next window. Sell while you can
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When the marketing team will start selling the 110k Gbytes allocated to them?
110K has not been allocated to the marketing team. if it had it wouldnt not consist of about 3 people....... FUD nowhere does it saying 110k for marketing. Further it would be sold over a period of years. This stuff is so obvious it makes me question the intelligence of people here Are there reports on how the funds are used? Prices and amounts of cash outs? Who gives them coins intended for distribution? And who are you? |
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When the marketing team will start selling the 110k Gbytes allocated to them?
110K has not been allocated to the marketing team. if it had it wouldnt not consist of about 3 people....... FUD  |
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